Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
Mar. 31, 2020	Mar. 31, 2019
REVENUES
Rental revenues	$ 54,110	$ 56,778
EXPENSES
Operating, including fees to Vornado of $1,383 and $1,249, respectively	(21,753)	(21,849)
Depreciation and amortization	(7,909)	(7,828)
General and administrative, including management fees to Vornado of $595 in each period	(1,451)	(1,245)
Total expenses	(31,113)	(30,922)
Interest and other income, net	1,543	2,130
Interest and debt expense	(8,573)	(10,159)
Change in fair value of marketable securities	(11,395)	38
Net income	$ 4,572	$ 17,865
Net income per common share - basic and diluted (in usd per share)	$ 0.89	$ 3.49
Weighted average shares outstanding - basic and diluted (in shares)	5,118,698	5,117,347

The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.

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